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Bitcoin’s Impending ‘Halving’ Could Spark Meteoric Price Boom

Alistair Milne, the chief investment officer at Atlanta Digital Currency Fund, has said that the block reward halving of Bitcoin could push the price of the dominant cryptocurrency to massive gains in the next 12 months. Why Block Reward Halving is a Fundamental Driver of Bitcoin Price A block reward halving in Bitcoin is referred to as the mechanism that decreases the amount of Bitcoin generated by miners after mining a block. On the Bitcoin network, miners solve complex cryptographic problems using computing power to process transactions, which are then placed in blocks to form a blockchain. To compensate miners,